New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-12

j.
HE PRESENT MANAGEMENT SUSTAINED AT THE AN
NUAL ELECTION.
ST. LOUIS NO.. May 1.-The annual and special
meetings OF the stockholders of the St. Louis and San
Francisco Railway Company were held here this aiter
noon OF tie 264 543 shares entitled to vote nearly
$50 600 were represented either directly or by proxy
The. following directors were elected: William +
Backley, George Cappell, l. f. Gatos George
Gould, Bryce Gray. c. p. Huntington, John Paton'
Horace Porter Russell Sage Jesse Selgman and r. f.
Win.low, of New-York; Walter l.. Frost, OF Boston,
and John c. Day, of St. Louis. The result is claimed
as a marked triumph OF the old management over all
opposition and clear and substantIa approval OF all
the plans and policies of the board. In fact. all the
acts the old board in the matter of leasing iines
acquiring properties, extending the road and expand
ing the system were formally approved An e'ectioh
of officers will take place at meeting OF the board 10
be held in New York in the near futrre
The success of the present management OF the ST
Louis and San Francisco Railway Company In tue
annual election was the occasion OF much congratula
ton here Yesterday The only change in the board OF
Directors was the substitution OF George Gould Ior
his father The Oppenheim opposition tailed 10 securs
even the one representative which was considered
absolutely secure James Seigman said, when the re-
silt OF the election made known we had so
many votes that We could easily have spared ie"'
The Oppenheims did not have snow.
An officer of the company remarked Inc opPosr
ton ought to have bought stock instead OF borrowing
Il. IL cond not hope manage the road better thah
holders were OF this opinion"
ALLOTMENT OF PENNSYLVANIA STOCK.
STOCKHOLDERS PRIVILEGED TO SUBSCRIBE FOX
PER CENT OF THEIR HOLDINGS
PuuA ADEIPIIIA Feb 11.-At the meeting of the Board
OF Directors OF the Pennsylvania Railroad Company held
this afternoon the following resolution was adopted:
Resolrd for the purpose OF providing The necessary
csnaI for instruction equipment expenditures during
the wear 1851 and leased lines and branches aud
The completion and extension OF new ana ne %
syIyana Railroad branches and leased lines S4OOoOOV
real estate Pensylvania Railroad branches and
passeneer equipment II 300 900 ; construction OF
now in operation s2OOO000 total &SOOOOOO tho pryisge
be given the shareholders OF The COMPANY OF G
which LAT the privilege Will cease Tor per cent Oh
their respective holdings they stand registered on Wnes
of share NAV subscribe for full share The privilege Oh
may sold by any shareholder and blank forms
Payments may be male IN iu prior 70 ~ J, ~
one-hsf shall be paid prior 20 July lsrI ana tns %
either receipts III he given bearing interest AZ we he
of per cent per from date Of payment unt Noven
ber 1887 at winch time said receipts "i Gese 20 o @ he
terest ON ana after November j. IS5t ScrtnuSes o ~
new will be delivered surrender OF the receipts
The announcement OF this stock dividend was not made
known tho public until after . O'CLOCK, 10 prevent
holders from splitting up their certificates so ms 0 secure
an extra number OF new shares on fractions IL Is
known that time past large holicrs IN tu9 c
pcctation stock dividend was to be declared nave
been their certificates up so as 10 give as great
| an advantage "a possible to this fraction right
Il Is estimated that the privilege given holders OF
fraction OF share TO subscribe t0 WhOlc snare wiz
make the total amount paid nearly s9oOOuoo me eOu
many has now outstanding l09DOOO shares OI STOCK ana
ihe new allotment Will Increase II tO 2ljOOOO shares
! and increase the capital stock 10 SlO15UOOOO.